TAB Bank Review

How does your bank stack up?

  • Financial Rates: 3.5 Star Icon
  • Customer Service: 5.0 Star Icon
  • Website Experience: 3.5 Star Icon
  • Bank Fees: 5.0 Star Icon
Advertiser Disclosure
Savings/MMA · Member FDIC Insured


  • Variety of accounts offered
  • No monthly maintenance fees
  • Most accounts have low opening amounts
  • Savings account and CDs offer high rates


  • Savings account opening balance high
  • Most account interest rates low
  • Opening accounts not entirely online
  • Customer service not available 24/7

What You Need to Know

A variety of accounts are available through TAB Bank. They offer personal and business checking, savings, and money market accounts, along with CDs. The CD terms range from six months to five years. TAB offers personal deposit accounts and accounts for all sizes of businesses.

The accounts at TAB Bank do not have monthly maintenance fees. There is no required amount to keep in the account to avoid a monthly fee. The accounts do have set amounts to earn the most competitive interest rates.

Most TAB accounts have low required amounts to open. The money market account, checking, and basic savings account all only require $25 to open. There is a daily balance required of $1 to keep the account open and earn interest. Each of the CD terms require $1,000 to open.

TAB Bank’s high yield savings account and CDs offer competitive interest rates. These rates are competitive with other online accounts. The interest rate for the high yield account is not tiered. You do need to have a balance of $2,500 to earn the most competitive rate. Amounts under $2,500 still earn interest, just a much lower rate. Each of the CD terms offers competitive interest rates. CDs require $1,000 to open and earn interest.

The high yield savings account has a high opening balance. This account requires $2,500 to open. That amount is also required to keep in the account to earn the highest interest rate. Any amount under $2,500 earns interest, just a much lower rate.

Interest rates for TAB accounts, besides the high yield savings account and CDs, are low. They are not competitive with other online accounts. The interest rates for checking, basic savings, and money market accounts compare to brick and mortar bank rates.

Opening an account with TAB Bank is not done entirely online. The application is online. You must print off the application and fill out the information. Once the application is complete, you can email, fax, or mail it to TAB Bank.

TAB Bank customer service is not always available. TAB customer service is open Monday through Friday from 6 a.m. to 7 p.m. Mountain Time. On Saturday they open from 9 a.m. to 3 p.m. TAB customer service is closed Sunday and federal holidays.

Cool Things

Resource Center

The TAB website offers a resource center. In this section, you will find blog posts and eBooks about financial topics. You can see case studies and videos. Some of the topics include cash flow and lending options for your businesses. Building a personal budget and understanding working capital are other topics. This section is to help TAB customers with their financial questions.


TAB Bank opened in 1998. They work to help build businesses. They want customers to achieve their part in the American Dream. They offer a variety of lending options for businesses. Some of these loans include equipment loans, asset-based loans, and commercial banking services.

TAB Bank provides customers working capital to commercial businesses. A variety of businesses across the United States receive lending from TAB Bank. They try to meet the needs of the specific business based on their needs and the economic state of the business.

Giving Back

TAB Bank offers companies across the United States asset-based revolving credit. These agreements are usually multiple year loans for millions of dollars. A promotional product company in California received a $4.75 million credit from TAB Bank. Other companies include a trucking company in Pennsylvania and one in Ohio. A manufacturing company in California is another customer.

Frequently Asked Questions

Is TAB Bank FDIC insured?

Yes. TAB Bank is FDIC insured. The FDIC is an agency of the United States government that protects funds deposited in banks, up to $250,000 per customer, per bank. The money deposited in FDIC insured banks means money is backed by the full faith and credit of the United States government.

How do I access my money?

ATM or debit cards, checks, or electronic or wire transfers. You can access your money through online bill pay or by visiting a local branch location.

Does TAB Bank offer mobile banking?

Yes. With TAB mobile banking you can upload checks and track your spending. You can transfer money between accounts, check balances, and pay bills.

Is TAB Bank free?

Yes. TAB Bank accounts do not have monthly maintenance fees. There is no amount required to keep in the accounts to avoid a monthly fee.

Is TAB Bank a good bank?

TAB offers a variety of bank accounts, especially for businesses. A few accounts offer competitive interest rates. Their accounts do not have a monthly fee, and most require low amounts to open the accounts. TAB Bank accounts cannot be opened entirely online. Applications must be mailed in.

Is TAB Bank secure online?

TAB Bank uses security measures that comply with federal and state laws. This can include secure files and building and safeguards on devices.

Does TAB Bank offer competitive interest rates?

The high yield savings account and CDs offer competitive interest rates. TAB checking accounts earn interest, just not competitive rates. The money market account and basic savings account earn interest. Those rates are not competitive with other online accounts.

Can I use TAB Bank for my business accounts?

Yes. Business accounts are available through TAB Bank. Those accounts include checking, savings, and money market accounts, and CDs. TAB offers these accounts and lending options for all types of businesses.

How is TAB Bank online banking different from the online banking my bank offers?

The high yield savings account and CDs offer more competitive interest rates.

Do TAB Bank checking accounts pay interest?

Yes. Both TAB checking accounts earn interest. The rates are lower than other online checking accounts, but they do earn interest.

How do I reach customer service?

By email, mail, phone, fax, or by visiting a branch location. You can follow TAB online through Facebook, Twitter, Instagram, YouTube, and LinkedIn.

Does TAB Bank offer bill pay?

Yes. TAB Bank checking accounts offer free bill pay.

Can I deposit cash?

At a local branch location.

How long do transfers take?

Deposits are typically available the same business day. Amounts over $5,000 may take up to nine days to fully fund.

Can I sign up for direct deposit to TAB Bank accounts?

Yes. Money can be directly deposited into TAB accounts.

Bank Contact Information

TAB Bank
4185 Harrison Blvd.
Ogden, UT 84403
(800) 355-3063

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Sponsored Offers

Advertiser Disclosure
American Express
Savings (Rate as of 12/1/2023)
APY 4.30%
Rate 4.21%
For APY $1
Monthly Fee $0.00
Checkbook No
Member FDIC
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Checkbook No
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